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Month: July 2011

by Maggie Chandler Maggie Chandler No Comments

Celebration of Light bleachers – Vancouver Real Estate News

Construction crews have started putting together the bleachers that will seat 1,000 Celebration of Light spectators on prime fireworks-viewing real estate.

The bleachers are located on a grassy area of English Bay that has been staked out hours in advance of past years’ fireworks shows.

But Andrea Dowd-Dever of event coordination company Brand Live said the bleachers, despite appearing quite large, actually take up less than one per Read more

by Maggie Chandler Maggie Chandler No Comments

B.C. To Spend $40M on Shipbuilding Contract – Vancouver Real Estate news

The B.C. government is prepared to spend $40-million to help a Vancouver ship-building company win a federal contract.

Various companies are bidding for $35 billion in contracts to build navy warships, coast guard cutters and other vessels over 30 years.

If Seaspan Shipyards lands the contract, B.C. will provide the company with $35 million in training and labour tax credits over 30 years. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Market Keeping me Hopping

Vanouver real estate buyers and sellers always ask me “how’s the market”?”  Who’s buying? What price range sells the best? Are prices going up or down?

Personally, the last two months have been the busiest of the year.

Yesterday I was showing waterfront condos in Coal Harbour to a buyer from US, who wishes to invest $2M in Canada. I also received an offer on one of my listings Read more

by Maggie Chandler Maggie Chandler No Comments

Georgia Viaducts To Be Eliminted? – Vancouver Real Estate Market

Vancouver city council today approved a 10-month high level study of the city’s strategic eastern core from BC Place Stadium to Clark Drive that will include consideration of removing all or part of the Georgia and Dunsmuir Viaducts.

The decision opens the door to a new sustainable neighbourhood in north False Creek that links together Yaletown, Chinatown, Strathcona, the Downtown Eastside and neighbourhoods further east.

It’s an important victory for community organizations Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver conventions Boost BC Economy – Vancouver Homes for Sale

Even though BC’s tourism numbers are down compared to last year, Vancouver is having its best year ever when it comes to conventions and trade shows.It’s all thanks to the new expanded convention centre that was built in time for the 2010 Olympics.
Vancouver used to turn away the big conventions but not anymore.

Claire Smith with the Vancouver Convention Centre says the city used to turn away big conventions and events, but no more.  She adds the city can now host much larger groups.  “I think probably the most exciting part is the size and complexity of some of the groups that we’re able to host.”

Next month, over 20,000 delegates will be here, making it the largest convention ever held in Vancouver.

Last year the convention centre generated about $215 million for the city.  “We measure the economic impact of every convention that comes into the city and so it’s quite an easy calculation,” Smith explains. Read more

by Maggie Chandler Maggie Chandler No Comments

$180 million promised for affordable housing in B.C.

The federal and provincal governments have announced a $180-million funding agreement to help create more affordable housing for B.C. residents.

Each level of government will provide matching contributions of $90 million each over the next three years.

The announcement comes as a new 108-unit supportive housing development for women in Vancouver’s Downtown Eastside was officially opened Monday morning.

The province of British Columbia provided a $14.6-million grant and will provide $472,961 in annual operating funding for the developmentm, called Sorella.

The City of Vancouver provided the land, valued at $2.6 million, development cost levies of more than $400,000 and a grant of close to $3 million to develop the ground floor commercial retail space.

The federal government contributed more than $6.1 million to support the construction of Sorella.

Posted on Vancouver Real Estate-Vancouver Homes For Sale

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Market Update for Yaletown – June 2011

How is the Vancouver real estate market in Yaletown? Are sales up or down? What’s the average price? How long does it take to sell a Yaletown property. What are prices doing?

The Yaletown market now favours buyers.

REBGV has just changed the parameters for this Vancouver condo neighbourhood, changing the name from False Creek North to Yaletown. The area is west of Burrard street, south of Pacific Avenue and east of Carrall St. It also runs east of Richards and south of Smythe. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Weekend Events – Vancouver Real Estate News

Looking for something to do this weekend? News1130 has suggestions around the Lower Mainland for people of all ages.Over 25 of Vancouver’s hottest up and coming bands will play on four stages on West 4th from Burrard to Balsam for Khatsahlano! Music and Art Festival Saturday from 11:00 to 6:00.

Vancouver Pride Festival kicks off a week of celebration with the Picnic in the Park at the Brockton Oval Saturday morning at 11:00 in Stanley Park. Read more

by Maggie Chandler Maggie Chandler No Comments

Khatsahlano Music + Art Festival 2011 – Vancouver Real Estate

Kits, a groovy neighbourhood that sometimes needs a little push to increase the energy from it’s general laid back vibe is kicking it up a notch this weekend. Summer is Kits time to shine and this year they’re introducing Khatsahlano! The West 4th Music + Art Festival. A big street party Saturday July 23 from 11am to 6pm between Burrard & MacDonald as 4th avenue is shut down. The festival will feature 5 stages of FREE live music from Vancouver’s finest independent artists!

Plus there will be sidewalk sales, patio parties and Kitsilano’s largest garage sale. Lots of cool things to check out.


11:30 AM- Rich Hope
12:30 PM- Opening Ceremonies
1:00 PM- Catlow
2:00 PM- David Vertessi
3:00 PM- Veda Hille
4:00 PM- Aidan Knight
5:00 PM- Jon & Roy

A great annual event in this highly desirable Vancouver neighbourhood

Posted on Vancouver Real Estate-Vancouver Homes For Sale

by Maggie Chandler Maggie Chandler No Comments

109-1425 Cypress, Vancouver – Open July 23rd 1-3pm

Drop by and catch the rays (yes it’s going to be hot and sunny in Vancouver on July 23rd!!) on this 530sf deck. Should it be raining you’ll have lots of room to move around in this s.e. corner one bedroom because it’s well over 700sf.

Best of all, it’s one of only three condo buildings on Kits Point!

And, this condo comes with secured parking and a large storage locker. And insuite laundry, of course. Oh yes, I nearly forgot to mention the woodburning fireplace.

All this for only $425,000

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by Maggie Chandler Maggie Chandler No Comments

What is a Strata Corporation for Vancouver Condos?

The majority of real estate sold in Vancouver is condos.

If you are buying into a Vancouver condo, it is important that you understand how they work.

Each condo development is run by its own “strata corporation”. The owner of each strata lot has one vote in the corporation. The strata corporation is responsible for providing and paying for all equipment and services in the common areas. Read more

by Maggie Chandler Maggie Chandler No Comments

RBC picks small decline in B.C. home prices for 2012

British Columbians can expect a small decline in average home prices in 2012 on the heels of a moderating of home sales in the province’s biggest markets, RBC Economics said Thursday.

In its latest forecast update, RBC said it expects the average B.C. home price to slip 1.6 per cent to $576,700 in 2012 following a run-up in average prices that has been skewed by more dramatic price increases in pockets of Metro Vancouver.

That will follow 2011, which should end with the provincial average price up 5.7 per cent to $586,000 by the end of the year.

RBC senior economist Robert Hogue said it represents “the unwinding of some of that unusual increase since the start of this year.”

Hogue said resales in the Metro Vancouver market have been trending down somewhat since the start of the year as has the overall ratio of home sales to homes listed for sale.

“Those are not pointing in the direction of strong price increases, yet we’ve seen very significant increases,” Hogue said. “We think this is not really sustainable.”

He added that the decline in Vancouver average prices will likely be larger, but RBC does not extend its forecast to the city level.

The major Canadian banks all have different forecasts for Vancouver real estate.
I see the markets that the PRC buy into undergoing a price correction and I see a flat market for the Local Vancouver real estate market

Posted on Vancouver Real Estate-Vancouver Homes For Sale

by Maggie Chandler Maggie Chandler No Comments

What do I Pay the Buyer’s Agent if I sell My Own House?

A few people are successful at selling their Vancouver home themselves.

In many instances, you’ll be approached by a REALTOR, who will ask if you’re offering a commission if they bring you an acceptable offer .

Many realtors ask  their Buyers to sign a Buyer’s Agency Contract, which obligates the Buyers to pay the REALTOR a certain amount, should the Realtor find them a home outside of the MLS, or perhaps the seller is paying a lower commission. Read more

by Maggie Chandler Maggie Chandler No Comments

Understanding Vancouver Condo Ownership

There are three types of property in a condo development

Strata lots are the individual housing units owned by the individual owners

Common property refers to the areas that are for the use of all the owners. In a typical project, common property includes the land the building is on as well as the walkways, parking areas, landscaping, exterior walls, interior hallways and recreational facilities.

Read more

by Maggie Chandler Maggie Chandler No Comments

Understanding Vancouver Real Estate HPI, Average and Median Prices

REBGV publishes many different prices when it refers to Vancouver real estate and what the market’s doing.

They refer to median prices, average prices, Housing Price Index (HPI) benchmark price. They are all different and probably confusing to the consumer.

The MLSLink Housing Price Index (HPI)

Established in 1995, is modeled on the Consumer Price Index (CPI) which measures the rate of price change for a basket of goods and services. Read more


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